Momo Inc. (NASDAQ:MOMO) Q2 2019 Earnings Conference Call Transcript

Aug 27, 2019 • 08:00 am ET

Momo Inc. (NASDAQ:MOMO) Q2 2019 Earnings Conference Call Transcript

Jonathan Xiaosong Zhang

of June 30, 2019, Momo's cash, cash equivalents, term deposits and short-term investments totaled RMB12.5 billion compared to RMB11.3 billion as of December 31, 2018. Net cash provided by operating activities in the second quarter was RMB1.4 billion compared to RMB992.4 million for the same quarter last year.

Lastly, for the third quarter revenue guidance, we estimated our third quarter revenue to come in the range from RMB4.25 billion to RMB4.35 billion, representing an increase of 17% to 19% year-on-year. Excluding PhantaCity revenue contribution in third quarter 2018, our third quarter revenue guidance on an apple-to-apple basis represents a year-on-year increase of 22% to 25%. Please be mindful that the forecast represents the Company's current and preliminary view on the market and operational conditions, which are subject to changes.

That concludes our prepared portion of today's discussion. With that, let me turn the call back to Cathy for Q&A.

Cathy Peng

Yes. Actually, just one quick reminder. For those who can speak Chinese, please ask your question in Chinese first, followed by English translation by yourself. Operator, ready for questions.